Legal Question in Real Estate Law in Massachusetts
I bought a foreclosure house from a bank 2 1/2 yrs ago for cash.I renovated the entire house, adding a 2nd bathroom, new roof, windows and doors using up all of my retirement money. I received title 5 papers but now that I have a contract for resalet, I am being told the title 5 was never done or recorded.The bank and realtor should have known this as should my lawyer for the closing. Who is responsible if the property doesn't pass now? I never would have bought the house if I had known there was no title 5 done. What is my recourse?
1 Answer from Attorneys
You might have legitimate claims here, potentially against the parties you mention and possibly others. This depends on more specific surrounding facts, including any misrepresentations or omissions in face of a duty to disclose. Feel free to contact me directly, without obligation, to discuss.